Why is Aarvi Encon falling/rising?

As of 16-Sep, Aarvi Encon Ltd's stock price is currently at 125.95, reflecting an increase of 2.43 (1.97%). The stock has shown a positive performance today, outperforming its sector by 1.86%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, there has been a notable decline in investor participation, with delivery volume falling by 32.18% compared to the 5-day average. Despite a year-to-date decline of 6.54% and a 12.99% drop over the past year, the company has reported positive results for the last three consecutive quarters, with significant growth in profit before tax, profit after tax, and net sales. The company's low debt-to-equity ratio and fair valuation further support its recent price movement.
In the broader market context, Aarvi Encon's short-term return of 1.06% over the past week is slightly below the benchmark Sensex's return of 1.49%. The stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor caution despite recent positive quarterly results. While the stock has generated negative returns over the past year, its profits have increased, suggesting a potential for recovery. However, the long-term growth outlook remains weak, with an annual operating profit growth rate of only 4.51% over the last five years, which could limit investor confidence moving forward.